If Consumers Attempt to Buy More Goods Than the Economy

question 126

Multiple Choice

If consumers attempt to buy more goods than the economy can produce,the result is

• A)Unemployment.
• B)Demand-pull inflation.
• C)Cost-push inflation.
• D)The wealth effect.

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Definitions:

Junk Computer Parts

Discarded or obsolete components of computers that are no longer usable or needed for their original purpose.

Surge Pricing

A dynamic pricing strategy where prices are increased due to higher demand.

Demand Increase

A rise in the quantity of goods or services that consumers are willing and able to purchase at a given price.

Busy Times

Periods where demand for products or services significantly exceeds the usual levels, often leading to strain on resources.